SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Update

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,368,945 shares, a growth of 63.3% from the June 30th total of 838,294 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 957,030 shares, the days-to-cover ratio is currently 1.4 days.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 0.5%

Shares of SPYD stock traded down $0.24 during mid-day trading on Friday, reaching $49.50. 1,130,391 shares of the stock traded hands, compared to its average volume of 1,533,829. The stock’s fifty day simple moving average is $48.41 and its two-hundred day simple moving average is $47.00. SPDR Portfolio S&P 500 High Dividend ETF has a 1-year low of $41.87 and a 1-year high of $50.90. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Several hedge funds have recently added to or reduced their stakes in the business. Wealthspire Advisors LLC raised its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 0.4% during the fourth quarter. Wealthspire Advisors LLC now owns 58,443 shares of the company’s stock worth $2,528,000 after purchasing an additional 220 shares during the period. Caitlin John LLC grew its position in SPDR Portfolio S&P 500 High Dividend ETF by 3.8% in the 4th quarter. Caitlin John LLC now owns 6,114 shares of the company’s stock valued at $264,000 after purchasing an additional 226 shares during the period. Kestra Advisory Services LLC increased its stake in SPDR Portfolio S&P 500 High Dividend ETF by 0.7% during the 4th quarter. Kestra Advisory Services LLC now owns 36,525 shares of the company’s stock valued at $1,580,000 after purchasing an additional 239 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in SPDR Portfolio S&P 500 High Dividend ETF by 1.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 13,326 shares of the company’s stock valued at $550,000 after purchasing an additional 248 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in SPDR Portfolio S&P 500 High Dividend ETF by 2.6% during the 4th quarter. Global Retirement Partners LLC now owns 10,585 shares of the company’s stock valued at $458,000 after purchasing an additional 267 shares in the last quarter.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.